COLUMBUS, GA. — Columbus-based Victory Real Estate Investments has purchased a 10-property shopping center portfolio from Prattville, Ala.-based Newton Oldacre McDonald for an undisclosed amount. Four centers are located in Florida, another four centers are located in Alabama, and the remaining properties are located in Mississippi and Louisiana.
Southeast
GREENSBORO, N.C. — Bell Fund III has purchased the 336-unit Brassfield Park Apartments from an Atlanta-based investment firm for $22.8 million. The property, which was built in 1997, is located in Northwest Greensboro. A partial renovation is already under way.
COLUMBIA, MD. — Eastern Outdoor Advertising Co. has purchased the 8,500-square-foot Centre Park 100 from 8890 Centre Park Drive LLC for $2.3 million. The property is located at 8890 Centre Park Drive in Columbia. The building is fully leased by four tenants. Manekin's David Paulson represented the buyer. Gil Neuman of KLNB represented the seller.
OCALA, FLA. — Konover South of Deerfield Beach, Fla., will break ground this fall on the 92,600-square-foot Park View Commons shopping center. The property, which will be anchored by a 45,600-square-foot Publix, will be located at the intersection of Maricamp Road and Southeast 24th Street in Ocala. The plans also call for 25,000 square feet of in-line retail space and three outparcels.
ATLANTA — L&B Realty Advisors has sold the 94,966-square-foot Duluth Station shopping center to Forge Capital Partners for $8.27 million. The property, which is 79 percent leased, is located at 2750 Buford Highway in Atlanta. Tenants in the Publix-anchored center include Great Clips, H&R Block, State Farm and Subway. Jim Hamilton of Holliday Fenoglio Fowler represented the seller.
ATLANTA — Cortland Partners has purchased the 519-unit Northchase Apartments from a special servicer. The purchase price and a planned renovation, which will last 6 months, totals $15.2 million. Located at 6750 Peachtree Industrial Blvd. in Atlanta, the property is 70 percent occupied. Amenities include a community center, a clubhouse and two pools.
TAMPA, FLA. — Crossman & Co. has renovated a 54,340-square-foot Publix at City Plaza in Tampa and will hold a grand opening for the property August 12. The Publix construction happened concurrently with the renovation of the 158,287-square-foot shopping center. The center, located at 16041 Tampa Palms Blvd. in Tampa, is part of the Tampa Palms master-planned development, which will include 8,400 residences, 59,000 square feet of office space and nearly 1 million square feet of retail upon full build-out.
CORNELIUS, N.C. — 8325 Copely Drive LLC of Santa Monica, Calif., has renovated the 42,000-square-foot Palace theater into a multiple-tenant, mixed-use facility. The space can house retail, restaurant, office and performing arts tenants. The property, which was built in 2000, is located near the interchange of NC Highway 73 and West Catawba Avenue in Cornelius.
ORLANDO, FLA. — Eola Realty Partners has purchased an 8,000-square-foot office building from BA Eola LLC for $1.42 million. The property will be the new home of Southern Trail Counsel Law Firm and is located in the historic Thornton Park area of Orlando. Cynthia Shelton, Jamie Barati and Mike Milano of Colliers International represented the buyer. Grubb & Ellis' Jay Dixon represented the seller.
CAROLINAS AND FLORIDA — Inland American Lodging Advisor has sold five limited-service hotels to private buyers for more than $24 million. The portfolio includes the Comfort Inn Riverview in Charleston, S.C.; the Comfort Inn University and the Comfort Inn Medical Park in Durham, N.C.; the Hampton Inn Crabtree Valley in Raleigh, N.C.; and a Comfort Suites in Orlando, Fla. CB Richard Ellis' Hotels Group brokered the sale.